Question 25 Chapter 1 of +2 Part-1 - USHA Publication 12 Class Part

Question 25 Chapter 1 of +2-Part-1

25. (Treatment of Interest received) Calculate the interest to be credited to Income and Expenditure account for the year 31-3-2015 :

The Content covered in this article:

The solution of Question 25 Chapter 1 of +2 Part-1: –

Interest to be credited to Income and Expenditure account
Particulars		Amount
Interest received during the year		32,500
Add: Interest accrued at the end		5,200
		37,700
Less: Interest accrued in the beginning		(9,100)
Interest credited to Income and Expenditure Account		28,600

Thanks, Please Like and share with your friends

Comment if you have any questions.

Also, Check out the solved question of previous Chapters: –

Chapter No. 1 – Financial Statements of a Company
Chapter No. 2 – Financial Statement Analysis
Chapter No. 3 – Tools of Financial Statement Analysis- Comparative and Common Size
Chapter No. 4 – Ratio Analysis
Chapter No. 5 – Cash Flow Statement